KBC Group NV grew its holdings in Edison International (NYSE:EIX) by 232.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 154,382 shares of the utilities provider’s stock after acquiring an additional 107,965 shares during the quarter. KBC Group NV’s holdings in Edison International were worth $9,763,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in EIX. Dimensional Fund Advisors LP increased its holdings in shares of Edison International by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 589,722 shares of the utilities provider’s stock worth $46,110,000 after acquiring an additional 5,216 shares in the last quarter. OxFORD Asset Management LLP bought a new stake in shares of Edison International in the second quarter worth about $204,000. Shelton Capital Management bought a new stake in shares of Edison International in the second quarter worth about $206,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Edison International by 26.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 28,748 shares of the utilities provider’s stock worth $2,248,000 after acquiring an additional 6,084 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of Edison International in the second quarter worth about $425,000. Institutional investors own 79.43% of the company’s stock.
Edison International (EIX) opened at $59.24 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $19,604.06, a PE ratio of 13.71, a PEG ratio of 2.22 and a beta of 0.17. Edison International has a 52-week low of $57.63 and a 52-week high of $83.38.
EIX has been the subject of several recent analyst reports. SunTrust Banks restated a “buy” rating and issued a $79.00 price target on shares of Edison International in a report on Tuesday, December 26th. Zacks Investment Research downgraded Edison International from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Edward Jones downgraded Edison International from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Goldman Sachs Group set a $70.00 price objective on Edison International and gave the stock a “hold” rating in a research report on Friday, December 15th. Finally, JPMorgan Chase & Co. assumed coverage on Edison International in a research report on Friday, January 12th. They set a “neutral” rating and a $67.00 price objective for the company. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $77.21.
About Edison International
Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.
Want to see what other hedge funds are holding EIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Edison International (NYSE:EIX).
Receive News & Ratings for Edison International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Edison International and related companies with MarketBeat.com's FREE daily email newsletter.